26 September, 2020, 5:23 pm Central - 24°C Rain

Gas prices go up today

Gas prices go up today

By Naveel Krishant
Friday 20/12/2019

Gas prices will increase from today after a determination by the Fijian Competition and Consumer Commission.

The price of a 13kg gas cylinder has increased from $34.21 to $37.46, a 12kg cylinder will now cost $34.58 from $31.58, the price of a 4.5kg cylinder has increased from $11.84 to $12.97, Auto Gas per litre will now cost $1.63 from $1.49 while bulk gas will now cost $2.43 per kg.

The FCCC says prices are mainly determined by the unfavourable movement in international prices for LPG products since the last review period.
They say Fiji is directly impacted by the world market prices for both refined oils and LPG and as such, any changes to the world market prices will be reflected in LPG prices in Fiji.

FCCC says overall, butane prices have increased by 22.79% when compared to the previous quarter, averaging at USD358.33/tonne to USD440.00/tonne. The prevailing strength of the LPG market was driven by increased demand and lingering worries over Saudi supply after the September 14 attacks on Saudi Arabia's key oil facilities.

It further says the changes in prices for LPG products is also impacted by the unfavourable movement in the exchange rate due to strengthening of the US dollar against the Fijian dollar.

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